....”. Details of the traineeships emerged after Poundland was criticised for employing jobseekers without pay for up to two months under a deal with the government. ...
[Read full article on Guardian]

....”. The company, founded by James Kemsey Wilkinson – known as JK – in Leicester in 1930 has grown to employ 20,000 people working in 406 stores across the country, but has struggled to compete with the rise of other discount chains such as B&M and Poundland. ...

.... Fortunately, the shrinkflaters don’t have the monopoly on this sugary market. The budget chain Poundland sells lookalike versions of several confectionery favourites, all costing £1, yet containing more chocolate than the brand originals. ...

....Unlike Tesco and Sainsbury’s, Asda only operates large outlets, and has been unable to tap into the rise of convenience stores. Meanwhile, the likes of Poundland have started selling clothing, competing with Asda’s George range. ...

.... May clearly wants to leave open the option to raise taxes, while Michael Fallon believes that option should be shut down – now. Mayism could mean Brexit Britain renaming itself Poundland – cheap goods and cheap workers – or it might mean a reversion to some kind of one-nation Toryism. ...

.... Jones Bootmaker was rescued by Endless in a pre-pack administration deal last week and 99p Stores was placed into administration in March. The 99p Stores chain collapsed less than two years after rival Poundland bought it for £55m. ...

....We were also heavily exposed to retailers, which have come under pressure following the Brexit vote on concerns about a squeeze on consumer spending. But one at least performed well, with Poundland being sold to South Africa’s Steinhoff at a premium to our starting price. ...

....Philip and Emma Bier opened the first Tiger shop in the UK in Basingstoke in 2005 after Philip Bier gave up a career in photography because he thought the quirky Danish brand could thrive in the UK. Tiger has been described as Denmark’s answer to Swedish rival Ikea, and a “posh Poundland”. ...

...."Perceptions of Valentine's Day becoming too commercial are in many ways a result of greater participation from the retailers. As well as wider choice from the 'Big Four' grocers, the discount players Aldi and Lidl, as well as value retailers like Poundland and B&M now offer big ranges," says Verdict's Greg Bromley. ...

....The collapse of BHS has been the biggest retail failure on our High Streets since Woolworths in 2009. Woolies had hundreds more stores than BHS and today the overwhelming majority of them have been let, thanks to the likes of Poundland and Iceland. ...

....According to reports this weekend, the uncertainty caused by the referendum could lead to the scrapping of £15bn of stock market flotations and major takeover deals falling apart. The £20bn merger between the London Stock Exchange and Deutsche Börse is at risk, and the South African company Steinhoff has said it is reconsidering a bid for the discount retailer Poundland. ...

.... The owner of British Airways said its profits for the year will now grow less than expected because of the volatility in the market, while Mike Ashley’s Sports Direct warned that the collapse in the value of the pound against the dollar would lead to an increase in the cost of importing goods. A South African company bidding for the discount retailer Poundland also warned it could now pull out of a deal. ...

....”. Despite a slowdown in the pace of growth of discounter grocers Aldi and Lidl and some consolidation among general merchandise chains – with the merger of Poundland and 99p Stores – Bond says the growth of discount chains in the UK has not run its course. ...

.... Austin Reed is closing 120 outlets and shedding 1,000 jobs after going into administration last month. Marks & Spencer is still struggling, and even challenger stores such as SportsDirect and Poundland report slowing sales and flat profits. ...

....Last month John Walden, Home Retail’s chief executive, said he hoped the deal would not raise major concerns for the CMA but it was too early to tell. The CMA last year withdrew early objections to clear Poundland’s takeover of its single price rival 99p Stores. ...

....The investigation is the CMA’s first into Britain’s creative industries. It is more used to deciding on less glamorous matters such as the state of retail banking and whether Poundland’s takeover of 99p stores hurts consumers. ...

....Average values in Stevenage, Baldock, Royston and Hatfield are among the lowest in the county - and all of the towns high streets feature a McDonalds branch. Asda, Claires and Poundland were also found to be negatively linked to nearby home values. ...

....A number of retail chains have already blamed poor performance on declining numbers of shoppers. Poundland has pointed directly to the fact there are fewer people on the high street as a key reason behind its slowing sales. ...

....The likes of Wilko, Lidl, Homebase and Tesco can offer value for money when it comes to plants, but their ranges tend to be limited to the “usual suspects” – a few dozen common garden plants. Pound stores are starting to move in on the lucrative gardening market too: Poundland recently launched a range of gardening products fronted by TV gardener Charlie Dimmock. ...

. Discount chain Poundland has admitted that buying its lossmaking rival 99p Stores has hit sales just when the existing chain was already being battered by a slump in the number of high street shoppers. ...

....Even if the 45% target was to be met by all countries, that’s still more than half of waste batteries being dumped, incinerated or sitting in household drawers. Robbie Staniforth, commercial manager of Ecosurety, which manages UK compliance with the Batteries Directive for Lidl, Poundland and Dixons, believes one way forward could be to make it easier for consumers to recycle batteries by incorporating the service into kerbside household waste collection. ...

...."The business has built an enviable position in its core UK market, with a broad and loyal customer base, and we believe there is a significant opportunity to build on this success and accelerate development internationally," said Warburg Pincus managing director Paul Best. One of Warburg Pincus' best known UK investments has been in the discount retail chain Poundland. ...

.... Daughter Debra, who worked as a brand director for Reiss in the US, died last year aged 34 after suffering from a long-term illness. Reiss is an upmarket departure for Warburg Pincus, which is best known in the UK for its investment in discount chain Poundland. ...

....Balkow said he could envisage up to 200 stores in the UK when Clas Ohlson entered the market. But the UK cut-price general merchandise arena has become increasingly competitive since 2010 with the expansion of the homegrown chains Poundland, B&M Stores and Wilko, as well as incomers such as Tiger, Clas Ohlson and the original affordable Swedish homeware specialist Ikea. ...

.... Leaving aside that “backdated” would seem a more apt term for something that was best before November 2014 (the current crop of Gaymers Juicy Pear Cider), this works for me. Seasoned bargain hunters will wonder where I’ve been for the past seven years (and apart from a good few hours in Lidl and Poundland, I can’t really account for it). ...

. Thefamily founders of discount chain 99p Stores will make less money than was expected from last year’s £55m takeover by Poundland after losses swelled to £11m in the last year of the retailer’s independence. ...

....Data from Pircand manifest shows that seven companies on the main market of the stock exchange owned up to the same mistake as Next in the months before the retailer paid the last of the dividends in November 2015. The first was by the online bookmaker Betfair in August 2014, followed by Morrisons, Foxtons and Poundland. ...

....Both WH Smith’s divisions performed better than expected, and the high street operation’s sales increase over Christmas was the main surprise. The number of shoppers on Britain’s streets and at shopping centres fell, making Christmas trading tough for other retailers such as Poundland and Argos. ...

.... . Poundland, previously touted as one of the winners of bargain-hunting Britain, also had to warn that profits would be at the bottom range of its forecasts after suffering from quieter high streets. ...

.... . Meanwhile retailers generally have suffered a poor Christmas trading season, with Poundland yesterday reporting its profits would be at the low end of forecasts because of a drop in footfall on the high street. ...

.... . Elsewhere in the retail sector, Poundland found itself at the bottom of the mid-cap index after it said it expects full-year pre-tax profits to come in towards the lower end of its forecasts due to lower high street footfall and mild weather conditions in the last quarter. ...

. Shares in discount retailer Poundland fell more than 10pc after it warned that profits will be at the lower end of forecasts for the year, as a quiet spell on the high street took the shine off sales growth from its newly acquired 99p Stores. ...

....The fashion chain Next, which has largely avoided early discounting, is due to report its Christmas trading performance to investors on Tuesday. It will be followed on Wednesday by John Lewis, while Marks and Spencer, Poundland and Signet Jewelers are due to update investors on Thursday. ...

....We will discover how well the country’s most boring clothes have been selling, with statements from Next and Marks & Spencer, plus more news on whether the middle classes have been thrifty or spendthrift, with an update from John Lewis. Then there’s a statement from Topps Tiles – where some commentator is bound to talk up its post-flood prospects, probably by predicting the entire north of England is set to descend on the chain to replace its laminate flooring – as well as one from Signet Jewelers (it’s spelt incorrectly because it’s also listed in New York) plus another from Poundland Group. ...

.... None of those markets are easy, but Sutherland, a seasoned retailer who joined in November 2014, seems to have the necessary grip on the business. The discount retailer Poundland, whose shares stand at 207. ...

.... . Not on the High Street was launched by Sophie Cornish and Holly Tucker in 2006 but the founders have now stepped back into non-executive roles, and retail heavyweight Darren Shapland, who was previously at Poundland, recently joined as chairman. ...

.... Rail fares are also up dramatically in real terms. British households aren’t turning to Poundland and Lidl for bargain prices – it’s because they have no choice, with their incomes squeezed by the rising cost of basics. ...

.... Similarly, we assume Dixons Carphone will return to growth in the third quarter, although its earnings agenda is currently dominated by integration synergies. Both B&M and Poundland appear somewhat dependent on seasonal business picking up after a volatile start to the current quarter. ...